BUS137 - Economics for Business Management - 2025/26

BUS137: Economics for Business Management introduces students to the core principles of microeconomics and macroeconomics and how they apply to business decision-making. The course begins with fundamental economic concepts and the operation of the market system, focusing on supply and demand. It then examines consumer behaviour, including utility, budget constraints, and how individuals make consumption choices, followed by an analysis of firm behaviour, production decisions, costs, and profit maximisation. The module also explores different market structures and levels of competition. In the second half of the course, attention shifts to macroeconomics, covering key aggregate concepts such as output, unemployment, and inflation, as well as the role of macroeconomic policy. Overall, the module aims to provide students with a structured framework for understanding how markets function and how economic forces influence business outcomes and policy decisions.